Cognitive automation, also known as intelligent automation, is the use of advanced technologies, including artificial intelligence (AI) and machine learning (ML), to automate repetitive and cognitive tasks that would otherwise require human intervention. Simply put, cognitive automation enables machines to mimic human intelligence and perform tasks that require decision-making, problem-solving, and critical thinking. In this post, we will delve deeper into what cognitive automation is and how it is transforming various industries.
1. Cognitive automation uses AI and ML to automate repetitive and cognitive tasks that would otherwise require human intervention.
2. Machines can mimic human intelligence and perform tasks that require decision-making, problem-solving, and critical thinking.
3. Cognitive automation can automate complex tasks that were previously only able to be performed by humans.
4. This technology can improve decision-making and reduce errors, leading to increased efficiency and productivity.
5. Employees can be freed up to focus on higher-value tasks that require human creativity and problem-solving skills.
According to a report by McKinsey, cognitive automation has a potential to automate up to 45 percent of the activities people are paid to perform, representing about $2 trillion in potential annual savings across all sectors.
Cognitive automation refers to the use of advanced technologies that enable machines to mimic human cognitive functions, such as understanding natural language, processing unstructured data, and learning from experience. With cognitive automation, businesses can automate complex tasks that were previously only able to be performed by humans. This technology can also improve decision-making and reduce errors, leading to increased efficiency and productivity. Furthermore, it can free up employees to focus on higher-value tasks that require human creativity and problem-solving skills. As an emerging technology, cognitive automation has the potential to revolutionize various industries and change the way work is done.
